Offers over
£350,000
(£32.01/sq. ft)
Land for saleUnit 1 & 2, Mill Lane, Newbury, West Berkshire RG14
10,934 sq. ft
About this property
Redevelopment opportunity
0.251 acres
Fronts kennet & avon canal with two moorings
Situation
The property is situated on Mill Lane, Newbury which links the A339 to Boundary Road / Bone Lane.
Description
The property comprises a site area of 0.251 acres of land on which are two single storey concrete sectional buildings.
The site is flat and fronts Mill Lane to the South and to the North to the Kennet & Avon Canal. The site benefits from two canal boat moorings.
The sectional buildings are each self contained. Unit 1 comprises a showroom which includes front and rear display space, carpets, suspended ceilings with LED lighting and access via aluminium double doors. Unit 2 is set up as offices and comprises carpets, perimeter trunking, LED lights, UPVC windows and doors, kitchenette and WC.
The site benefits from a tarmac / concrete forecourt which is laid out for parking and access.
Proposal
The property has residential development potential. The owners will consider conditional and unconditional bids. Offers are invited for the freehold of the property. VAT is applicable.
Viewing
Contact Shane Prater on or Email
Service Charge
Unit 1 is let to Miks Paints on an agreement to expire mid 2027.
Unit 2 is let to Start2finish on an agreement to expire Nov 2028.
The rent currently passing is £16,000 per annum exclusive.
The property is situated on Mill Lane, Newbury which links the A339 to Boundary Road / Bone Lane.
Description
The property comprises a site area of 0.251 acres of land on which are two single storey concrete sectional buildings.
The site is flat and fronts Mill Lane to the South and to the North to the Kennet & Avon Canal. The site benefits from two canal boat moorings.
The sectional buildings are each self contained. Unit 1 comprises a showroom which includes front and rear display space, carpets, suspended ceilings with LED lighting and access via aluminium double doors. Unit 2 is set up as offices and comprises carpets, perimeter trunking, LED lights, UPVC windows and doors, kitchenette and WC.
The site benefits from a tarmac / concrete forecourt which is laid out for parking and access.
Proposal
The property has residential development potential. The owners will consider conditional and unconditional bids. Offers are invited for the freehold of the property. VAT is applicable.
Viewing
Contact Shane Prater on or Email
Service Charge
Unit 1 is let to Miks Paints on an agreement to expire mid 2027.
Unit 2 is let to Start2finish on an agreement to expire Nov 2028.
The rent currently passing is £16,000 per annum exclusive.
Mortgage calculator
Monthly repayment
£1,750 per month
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